Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Guatemalan Quetzal/US Dollar (FOREX:GTQUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GTQUSD
The long term trend has been DOWN since Jun 17th, 2019 at 0.129595
The intermediate term trend has been UP since Jul 10th, 2019 at 0.130720
The short term trend has been UP since Jul 9th, 2019 at 0.129755
Smart Scan Analysis for GTQUSD
Based on a pre-defined weighted trend formula for chart analysis, GTQUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).